Latest News

What is your taxpayer filing status?

By |2019-11-21T15:34:15+00:00November 21st, 2019|Latest News|

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether you’re married or unmarried on December

Bridging the gap between budgeting and risk management

By |2019-11-21T15:24:27+00:00November 21st, 2019|Latest News|

At many companies, a wide gap exists between the budgeting process and risk management. Failing to consider major threats could leave you vulnerable to high-impact hits to your budget if one or more of these dangers materialize. Here are some common types of risks to research, assess and incorporate into adjustments to next year’s budget:

Using your 401(k) plan to save this year and next

By |2019-11-12T19:33:00+00:00November 12th, 2019|Latest News|

You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end.

Is multicloud computing right for your business?

By |2019-11-12T19:30:48+00:00November 12th, 2019|Latest News|

Cloud computing — storing data and accessing apps via the Internet — has been widely adopted by businesses across industry and size. Like many technological advances, though, new derivatives continue to emerge — including so-called multicloud computing. Under this approach, companies don’t rely on a single cloud service; rather, they distribute their data and computing

You may be ABLE to save for a disabled family member with a tax-advantaged account

By |2019-11-05T19:40:41+00:00November 5th, 2019|Latest News|

There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Eligibility

A shadow board could shed light on your company’s best future

By |2019-11-05T19:38:19+00:00November 5th, 2019|Latest News|

In many industries, market conditions move fast. Businesses that don’t have their ears to the ground can quickly get left behind. That’s just one reason why some of today’s savviest companies are establishing so-called “shadow” (or “mirror”) boards composed of younger, nonexecutive employees who are on the front lines of changing tastes and lifestyles. Generational

IRA charitable donations are an alternative to taxable required distributions

By |2019-10-29T17:41:52+00:00October 29th, 2019|Latest News|

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity. IRA distribution basics A popular way to transfer IRA assets to charity is through a tax provision

At the very least, update the financials in your business plan

By |2019-10-29T17:39:17+00:00October 29th, 2019|Latest News|

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management team description, implementation plan, and financials. Now, ideally, you would comprehensively update each section every year. But if the size, shape and objectives of your

Selling securities by year end? Avoid the wash sale rule

By |2019-10-22T18:42:21+00:00October 22nd, 2019|Latest News|

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the rule works Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the

Deciding whether a merger or acquisition is the right move

By |2019-10-16T14:32:22+00:00October 16th, 2019|Latest News|

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate of growth organically — by increasing sales of existing products and services or adding new product and service lines —